How much does it cost to rent at Skywater at Tempe Town Lake?

Rent at Skywater at Tempe Town Lake in Tempe, AZ ranges from $1,565 to $3,175 per month as of October 1, 2026.

What is the average studio rent at Skywater at Tempe Town Lake?

The average studio apartment at Skywater at Tempe Town Lake costs $1,603/month, starting from $1,565.

What is the average 1 bed rent at Skywater at Tempe Town Lake?

The average 1 bed apartment at Skywater at Tempe Town Lake costs $1,770/month, starting from $1,710.

What is the average 2 bed rent at Skywater at Tempe Town Lake?

The average 2 bed apartment at Skywater at Tempe Town Lake costs $2,555/month, starting from $2,240.

What is the average 3 bed rent at Skywater at Tempe Town Lake?

The average 3 bed apartment at Skywater at Tempe Town Lake costs $3,175/month, starting from $3,175.

Is Skywater at Tempe Town Lake a good apartment complex?

Skywater at Tempe Town Lake has a 3.7-star rating on Google based on 372 reviews.

Updated today at 3:01 p.m. MT

Skywater at Tempe Town Lake

601 W Rio Salado Pkwy, Tempe, AZ 85281, USA

3.7 (372 reviews) Official Website

Live pricing, refreshed today at 3:01 p.m. MT

Units Listed

$1,565

Starting at

$2,100

Average

$3,175

Highest

$2.18

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Tempe 85281 rent trends

Beds

Pricing by Bedroom

Studio

$1,603

from $1,565 · 2 units

~632 sqft avg

1 Bed

$1,770

from $1,710 · 3 units

~800 sqft avg

2 Bed

$2,555

from $2,240 · 2 units

~1,245 sqft avg

3 Bed

$3,175

from $3,175 · 1 units

~1,569 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (10)

Largest 8 movers of 10

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: modeled from how many distinct units we have observed over time
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$22K

$268K annual run rate

Modeled estimate

Est. Occupancy

53%

of about 17 units (modeled from leasing activity)

Effective Rent on New Leases

$2,478

vs $2,100 current asking

Recent Lease Activity

17 units tracked; 9 assumed leased, 8 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Moderate availability

8 floor plans

Move-in Specials

No active promotions

Negotiation Leverage

Limited leverage

High demand property with less room to negotiate on price.

Price vs. Tempe 85281

Neighborhood

The District on Apache

$849 Rise at the Retreat

$895 Flare Tempe

$899 Vertex Apartments

$999 Parq on 5th Apartments

$1,084 VERVE Tempe

$1,124 Encore On Farmer Apartments

$1,168 Emerson Mill Avenue

$1,279 Metro 101

$1,324 Rio Paradiso

$1,341

Skywater at Tempe Town Lake

$1,565

Comparing 11 apartments in Tempe 85281. Click any bar to view that building.

See Tempe 85281 rent trends on the Tempe, AZ map Explore Tempe, AZ on the interactive map

Available Units

Sort

8 units

Studio / 1 Bath S2

$1,565/mo

632 ft² · $2.48/ft² · #28909

Down $10 since Oct 1 (was $1,575)

Studio / 1 Bath S1

$1,640/mo

632 ft² · $2.59/ft² · #28908

Down $10 since Oct 1 (was $1,650)

1 Bed / 1 Bath A1

$1,710/mo

740 ft² · $2.31/ft² · #28911

Up $50 since Oct 1 (was $1,660)

1 Bed / 1 Bath A2

$1,760/mo

771 ft² · $2.28/ft² · #28912

Up $50 since Oct 1 (was $1,710)

1 Bed / 1 Bath A5

$1,840/mo

889 ft² · $2.07/ft² · #28915

Up $50 since Oct 1 (was $1,790)

2 Bed / 2 Bath B2

$2,240/mo

1,148 ft² · $1.95/ft² · #28919

Up $15 since Oct 1 (was $2,225)

2 Bed / 2 Bath B3

$2,870/mo

1,342 ft² · $2.14/ft² · #28920

Up $15 since Oct 1 (was $2,855)

3 Bed / 3 Bath C2

$3,175/mo

1,569 ft² · $2.02/ft² · #28924

Up $10 since Oct 1 (was $3,165)

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
28909	S2	Studio / 1ba	632	$1,565	$2.48	Nov 13, 2026	Pro	Down $10 since Oct 1
28908	S1	Studio / 1ba	632	$1,640	$2.59	Now	Pro	Down $10 since Oct 1
28911	A1	1bd / 1ba	740	$1,710	$2.31	Now	Pro	Up $50 since Oct 1
28912	A2	1bd / 1ba	771	$1,760	$2.28	Nov 6, 2026	Pro	Up $50 since Oct 1
28915	A5	1bd / 1ba	889	$1,840	$2.07	Now	Pro	Up $50 since Oct 1
28919	B2	2bd / 2ba	1,148	$2,240	$1.95	Now	Pro	Up $15 since Oct 1
28920	B3	2bd / 2ba	1,342	$2,870	$2.14	Now	Pro	Up $15 since Oct 1
28924	C2	3bd / 3ba	1,569	$3,175	$2.02	Now	Pro	Up $10 since Oct 1

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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Train activity

Trains close by

Freight line 1,341 ft away · 3 trains/day

2 daytime, 1 overnight
Quiet zone. Horns are silenced at the nearest crossing.
Operator: UP

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Tempe, AZ notes

No resident notes for this property yet.